Description The Company installs and services kiosks, software, and logistics related to payment systems within various county and municipal jails across the United States. Functions carried out by these programs include:
- Bail processing
- Cash management of those who are arrested
- Management of commissary accounts
The Company has made substantial investments in this core business and is now positioned to benefit from its potential by pursuing a sale to a partner who can leverage the assets to drive a clear competitive advantage in the market and provide the best-in-class service to its customers.
Price: $8.5 million for asset sale of contracts, hardware, software and money transfer solutions.
Financial overview: Revenue $3.3 million; EBITDA $1.2 million